Since the end of November, international oil prices have continued to fall due to factors such as the agreement of the Organization of Petroleum Exporting Countries on the reduction of production. On December 12, the National Development and Reform Commission issued a notice on reducing the price of domestic refined oil products.
On the same day, the Ministry of Finance and the State Administration of Taxation [Weibo] also issued documents to increase the tax on consumption tax on gasoline, naphtha, solvent oil and lubricants from 1.12 yuan / liter to 1.4 yuan / liter. The tax on the consumption tax of diesel, aviation kerosene and fuel oil will be raised from 0.94 yuan / liter to 1.1 yuan / liter. Aviation kerosene continues to be suspended. The notice was executed on the 13th.
According to the notice from the National Development and Reform Commission, according to the current refined oil price formation mechanism, the price of gasoline and diesel can be reduced by 670 yuan and 640 yuan per ton, respectively, but according to the Ministry of Finance and the State Administration of Taxation, the Ministry of Development and Reform Commission issued the issue of further improving the refined oil. The Notice on Consumption Tax stipulates that since 0:00 on December 13, the tax on the consumption tax of gasoline and diesel will increase by 0.28 yuan and 0.16 yuan per liter, respectively, equivalent to a decrease of 500 yuan and 240 yuan per ton of gasoline and diesel. The two factors were offset against each other. The domestic gasoline and diesel prices actually decreased by 170 yuan and 400 yuan per ton respectively.
In fact, this is the second time in half a month that the Ministry of Finance has raised the domestic refined oil consumption tax. Even if the official did not disclose the new fiscal revenue brought by the increase in the refined oil consumption tax, the Chinese steam disclosed by the National Bureau of Statistics. The consumption of diesel and fuel oil, the amount of this tax increase, the media statistics show that after the increase in the above three oil consumption tax, the new tax will exceed 100 billion yuan a year.
"The frequency of such tax adjustment may have a limited effect. The provisional regulations on consumption tax should be raised to the law as soon as possible." On December 15, Yang Zhiyong, a researcher at the Institute of Finance and Economics of the Chinese Academy of Social Sciences, said in an interview with the 21st Century Business Herald.
The two-month increase in China's refined oil consumption tax began in the 1990s, the central government pilot in Hainan. At that time, Hainan went to the Malaysian refined oil consumption tax, and realized the fee change, and all the charges were cancelled in Hainan Province.
In 2009, the oil price management measures were promulgated, and the refined oil consumption tax officially entered the eyes of ordinary citizens. The consumption tax of the consumption tax unit was raised from 0.2 yuan to 1 yuan per liter, and the diesel fuel per liter was raised from 0.1 yuan to 0.8 yuan.
In April this year, officials from the Ministry of Finance said that compared with Japan, Europe and other countries, China's fuel consumption tax ratio still has room for upward adjustment, and the government will choose to raise the fuel consumption tax again.
On November 27th, the international oil price plummeted, and the National Development and Reform Commission lowered the price of refined oil twice, which gave the Ministry of Finance room to increase the fuel consumption tax. As a result, the Ministry of Finance raised taxes and fees twice, and the policies were separated by less than half a month. The domestic gasoline tax burden also reached 40%.
Once on November 28, with the approval of the State Council, the Ministry of Finance and the State Administration of Taxation jointly issued the Notice on Improving the Consumption Tax on Refined Oil.
The notice stipulates that since November 29, 2014, the consumption tax of gasoline, naphtha, solvent oil and lubricating oil will be increased by 0.12 yuan/liter on the basis of the current unit tax. The consumption tax of diesel, aviation kerosene and fuel oil will be increased by 0.14 yuan/liter on the basis of the current unit tax. Aviation kerosene continues to be suspended.
At the same time, since December 1, 2014, the consumption tax on small-displacement Motorcycles, automobile tires and alcohol with cylinder capacity below 250 ml (excluding) will be cancelled; the consumption tax on leaded gasoline for vehicles will be abolished, and the gasoline tax is no longer divided into two. In order to collect the consumption tax in accordance with the unleaded gasoline tax rate. Stop the collection of refined oil price adjustment funds.
In response to the last increase in refined oil consumption tax, the Ministry of Finance explained that the new income generated after raising the refined oil consumption tax will be included in the general public budget overall arrangement, mainly for the following aspects: First, increase environmental pollution and climate change. Financial funds to improve people's health and improve people's living environment. The second is to promote energy conservation and encourage the development of new energy vehicles. The central government will arrange special funds each year to guarantee the government's support for the development of new energy vehicles.
Two weeks later, when the international oil price fell below 60 US dollars, the United Nations [microblogging] taxation bureau of the Ministry of Finance once again raised the refined oil consumption tax, causing many questions from the outside world. In response to market voices, the Ministry of Finance explained the two consecutive adjustments to refined oil consumption.
The relevant person in charge of the Ministry of Finance said that once again, the unit tax on refined oil consumption tax will be raised again to further strengthen the regulation and control of consumption tax in the control of air pollution and the promotion of street emission reduction, and rationally guide consumer demand.
In response to the explanation of the Ministry of Finance, Wang Dehua, a researcher at the Institute of Financial and Economic Strategy of the Chinese Academy of Social Sciences, said: "The reason for the two upward adjustments to the consumption tax in half a month is to first consider the window period in which international oil prices continue to fall. Secondly, it may be because of the first There was no upward adjustment in place, and the adjustment targets set by the two ministries were not met, so they will be adjusted again in the short term."
Wang Dehua also said that the consumption tax is currently implemented as a temporary regulation on consumption tax, and has not yet risen to the tax law. "So the Ministry of Finance and the State Administration of Taxation can make adjustments as long as they are approved by the State Council," he said.
Frequent upward adjustment of disputes For domestic consumers, the international oil price in the continuous decline channel does not seem to be in exchange for the low oil price era, and the tax adjustment policies of the two ministries have once again triggered the market's domestic oil prices and international oil prices. "Derailment" dispute.
A commodity institutional trader told 21st Century Business Herald that the standard for domestic refined oil consumption tax adjustment is not transparent, and the Ministry of Finance’s explanation of the use of new fiscal revenue for energy conservation and emission reduction is hard to really dispel the majority. Consumer concerns.
"For example, in the case of gasoline consumption tax, the last increase was 0.12 yuan, this time it was raised by 0.28 yuan. How is this upward adjustment standard calculated? Why is this price raised? What is the basis for the reference? The relevant departments have not done it to the public. A detailed explanation." The above-mentioned person told reporters.
In fact, the Ministry of Finance’s move to raise the consumption tax in a short period of time has triggered another speculation in the market. If the international oil price falls again, will the domestic refined oil consumption tax increase? However, in response to suspicions from the outside world, Liu Shangxi, director of the Finance Department of the Ministry of Finance, said that at present, there is no sign of a refined oil consumption tax and oil price linkage mechanism. The two tax increases are mainly for the purpose of reducing fuel consumption.
"The consumption tax rate will not be adjusted again, depending on the improvement of the environment, but it is unlikely to be raised again in a short period of time." Liu Shangxi said.
In addition to doubts about the policy adjustments of several ministries and commissions to increase the consumption tax while reducing oil prices, market analysts are surprised that the hedging policy between the Ministry of Finance and the National Development and Reform Commission for domestic refined oil consumption tax is called “ Precision." In the oil price reduction window on November 28, the increase in the refined oil consumption tax of the Ministry of Finance is also consistent with the reduction in refined oil prices planned by the National Development and Reform Commission.
"The adjustment of the tax system within the administrative system seems to be simple and easy, and the decision-making is efficient, but it also brings the drawbacks of the tax system not stable enough. Such problems can only be accelerated by the legislative process, and the existing tax 'regulations' It is a 'provisional regulation' that rises to a law that is more difficult to change at will, and it is expected to be fundamentally resolved." Yang Zhiyong said.
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